Close Close

Life Health > Health Insurance

Health Insurer Offers HRA-HSA Combo

Your article was successfully shared with the contacts you provided.

Principal Financial Group Inc. has introduced a program that employers can use to combine health reimbursement arrangements with health savings accounts.

HRAs, which can be used with any type of health coverage, must by funded by employers.

HSAs, which must be used with high-deductible health coverage, can be funded either by employers or by employees.

The new Principal HRA-HSA program gives employers more flexibility to design deductibles, reimbursement percentages and rollover options, according to Principal, Des Moines, Iowa.

Principal also is expanding access to its HealthyEssentials wellness program to employers with as few as 26 employees, and it is now providing access to its Web-based treatment cost estimator tool for all health insurance members, the company says.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.